BIDR (BIDR): Does it Score Poorly on Long-Term Trading Metrics Sunday?

Sunday, April 24, 2022 01:39 PM | InvestorsObserver Analysts

BIDR receives a strong long-term technical score of 87 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BIDR holds a superior long-term technical analysis score than 87% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving BIDR a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BIDR!

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Trading Analysis

BIDR's price is -$0.0000002 (-0.22%) below its 100-day moving average price of $0.000069580 as its price at the moment sits at $0.000069425. Additionally, BIDR is $0.0000049 (-17056800.61%) higher than its 52-week low price of $0.000064490 while -$0.00000246 (-13911681.93%) under its 52-week high of $0.000071882. The current trading price in relation to its long-term average along with its 52-week high and low, gives BIDR a strong long-term technical score of 87. Long-term trading movement of BIDR suggest that investors are neutral on the token at the moment. BIDR currently has a total market cap of $15,670,263.63 to go along with its average daily volume of $204,144,001.12 worth of the currency over the past seven days. BIDR's volume is below its seven day average as of the past 24 hours, with 27,526,129.50 exchanged in that period.

Summary

Technical analysis of BIDR over the past year results in the crypto receiving a a strong long-term technical score of 87 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on BIDR (BIDR).